AMN Healthcare Services Inc (AMN)

Return on assets (ROA)

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (ttm) US$ in thousands 210,679 279,987 319,258 382,152 444,050 478,470 460,048 403,018 327,388 220,479 172,523 128,078 70,665 88,839 86,287 92,831 113,988 122,119 126,522 133,182
Total assets US$ in thousands 2,924,390 2,654,770 2,644,140 2,881,060 2,888,350 3,018,260 3,008,780 3,248,670 3,131,910 2,709,000 2,632,440 2,643,120 2,353,510 2,344,860 2,364,820 2,460,130 1,931,650 1,861,070 1,856,090 1,637,820
ROA 7.20% 10.55% 12.07% 13.26% 15.37% 15.85% 15.29% 12.41% 10.45% 8.14% 6.55% 4.85% 3.00% 3.79% 3.65% 3.77% 5.90% 6.56% 6.82% 8.13%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $210,679K ÷ $2,924,390K
= 7.20%

AMN Healthcare Services Inc.'s return on assets (ROA) has shown a declining trend over the past eight quarters. In Q1 2022, the ROA was at 12.41%, which then increased to 15.29% in Q2 2022 and reached its peak at 15.85% in Q3 2022. However, since then, the ROA has been consistently decreasing, reaching 7.20% in Q4 2023.

This decline in ROA indicates that the company's ability to generate profits from its assets has weakened over time. It is essential for AMN Healthcare Services Inc. to assess the efficiency of its asset utilization and implement strategies to improve profitability moving forward.